China unleashed a storm of protest across multiple outlets criticizing the U.S. decision to impose a 31% antidumping tariff on Chinese solar-panel makers and said the action could backfire on U.S. industries.
The U.S. decision against China raises trade tensions, which already were heightened because of issues ranging from China’s export quota on rare-earth minerals to imports of Iranian crude. It also comes during a U.S. election year, in which the Obama administration has been criticized for not getting tough on China’s trade activities or currency valuation.
Chinese commerce ministry spokesman Shen Danyang said in a statement Friday that the ruling provoked trade friction in clean energy and sent a protectionist signal to the world, which would not only damage Chinese companies but also harm U.S. users downstream.
Let China dominate a useless industry. There’s no reason to worry.
Is there any idiotic economic stupidity that Obysmal won’t inflict on America? We’d have done better if the Russians had invaded and won. By now we’d all be back in the chips. Barry is sending us back to burning the chips, cow chips that is, to keep the lights on.
When economic decisions are made for political reasons, it can only impair profitability, which in the long run benefits nobody.
Red China can stick its “trade” where the Sun-GATT-”sin” refuses to shine. If a “trade-war” ensues, the big “LOSER” will be Red China+! With 3-D replication, WE do NOT “need” YOU(China). ARE YOU… SO STUPID…that your PARTY people can’t REALIZE… the solar-thing was done for Obamunist political expediency (–although I’d personally rather pay more for USA-sourced solar panels), so MANY will be DELIGHTED if a “trade-war” ensues. Why delighted? Because it will “hurt” Globalization, which I’m all for hurting, and China had BETTER NOT be “for”, because the Russians intend to pick-up ALL the pieces/”slices” of the Globalist-pie, and I suspect that they will expect China…to be, with the Rest of the World, yet another compliant-Satrapy…of Russian-Globalist Hegonemy! The USA is Red China’s “real” friend, because we’ll treat you fairly, FOREVER, plus we don’t want to “rule” Red China. Both being nations(Red China & Russia) run by a single ruling “Party”, it is a JOKE on you BOTH to have secretly allied yourselves against the USA(–shades of the Hitler-Stalin Pact), in the coming World War III, because We have NO designs on either of You (Red China or Russia), but each of You… will have to “worry” about the Other… after we are subsumed, IF…we are. China+ –The Red Army & Wal-Mart are likely to be the most “hurt” by a trade war. We’ll ramp-up factory investment, and become energy independent, setting the Globalist agenda back 40 years, if Red China “forces” a trade war. The FED has all the money we’ll need to go “independent” from the govt. paper,–our paper, that you(China) hold.
Jek, calm down. It’s OK man, just calm down.
Jek, how can you become energy independent? The EPA will never allow that.
although the EPA is merely one more tool in the box, I agree with you Paul. It’s the watermellons that are behind it though. Otherwise we’d be drilling and mining and building so that in ten years North America would be entirely self sufficient for hundreds of years. Quelle Horreur!!
Protecting the worthless domestic solar industry, which on its best day will never be a source of net profit or wealth for the USA this act will probably end up hurting actual viable domestic insustries when the PRC pushes back.